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Issues and Challenges of Islamic Trade Finance Faced by Islamic Banks in Malaysia

Ismail, Siti Aqilah and Hassan, Rusni (2020) Issues and Challenges of Islamic Trade Finance Faced by Islamic Banks in Malaysia. In: The International Conference on Business and Technology (ICBT 2020), 14th-15th November 2020, Istanbul, Turkey. (Unpublished)

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Abstract

This research aims to highlight the issues and challenges of ITF faced by Is-lamic banks in Malaysia. Most of the literature studies and reports basically mentioned on the general issues and challenges such as no standard written guideline, political risk, legal risk, currency and foreign exchange risk, finan-cial crisis, and the most common issues which is Shariah issues pertaining to the operations and contracts used in ITF. However, all the mentioned issues and challenges are basically defined generally for all countries. The question is how does all the issues and challenges mentioned relevant in the context of the Malaysian ITF industry? This research adopts the qualitative method as the main research methodol-ogy. The data collection method was done through questionnaires interview given to three selected Islamic bank’s practitioners who were directly in-volved in the operation of ITF. This research analyzes those issues accord-ingly considering some limitations in gaining data and information. Hence, some recommendations are proposed for the regulators, Islamic banks and practitioners to mitigate the issues and challenges of ITF faced by Islamic banks in Malaysia.

Item Type: Conference or Workshop Item (Plenary Papers)
Additional Information: 1525/85560 Presented via online
Uncontrolled Keywords: Islamic trade finance, issues and challenges, Islamic banks, Malaysia.
Subjects: H Social Sciences > HG Finance > HG3368 Islamic Banking and Finance
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button): Institute of Islamic Banking & Finance (IIiBF)
Depositing User: Dr Rusni Hassan
Date Deposited: 04 Dec 2020 17:07
Last Modified: 04 Dec 2020 17:07
URI: http://irep.iium.edu.my/id/eprint/85560

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